Home>Topics>>Freeport-McMoRan's Long-Term Potential Not Blighted By Energy Acquisition
Freeport-McMoRan's Long-Term Potential Not Blighted By Energy Acquisition
Long Investing Ideas from Seeking Alpha
Sat, 2 Feb 2013
When Freeport-McMoRanCopper & Gold (NYSE: FCX ) announced $9 billion in energy acquisitions, the market reaction was fast and furious: Over a two-day period, the stock plunged from nearly 40 to barely 30, and the panic was palpable. To be sure, few expected the purchase of Plains Exploration ...
Growing corporate cash balances and slowing organic-growth opportunities could lead to increased deal volume this year even if economic uncertainty throttles some activity, says Morningstar's Bridget Freas.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.